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HRT owner confirms new buyer being sought

HRT announced that it was looking for new ownership. Photo by LAT PHOTOGRAPHIC

HRT confirmed on its Web site that the team is up for sale and that negotiations with interested parties are ongoing.

Thesan Capital bought the team only last season and has since moved it to Madrid. The lack of overt sponsorship on the cars has long suggested that new investment was required.

At the moment Pedro de la Rosa has a contract for 2013, while the second seat is still available.

The statement said: “The current owners of HRT Formula 1 Team, TC II S.a.rl., would like to confirm that they are currently in talks with a number of groups interested in buying the team. HRT Formula 1 Team’s current management hopes to conclude the sale in the upcoming weeks and, with it, enable the team to continue progressing and become a reference in modern-day Formula 1 after the important achievements already accomplished in this 2012 season. HRT Formula 1 Team hopes to communicate the name of its new owner in the upcoming weeks.

“We believe the moment to let new investors come through for HRT Formula 1 Team has arrived. We’re very proud of the work done by the entire team and of the excellent sporting evolution achieved but the time has come for the team to continue growing with new financial backing. We’re convinced that the sporting potential of the team is huge and that the presence of new investors can give it a big boost.”